How does Robinhood charge fees for Bitcoin transactions?

3 answers

• Jan 02, 2022 · 3 years ago
  Sure! Robinhood charges fees for Bitcoin transactions based on a percentage of the transaction amount. The fee is typically around 1-2% of the total transaction value. This means that the larger the transaction, the higher the fee. It's important to note that the fee is deducted from the total transaction amount, so you'll receive slightly less Bitcoin than the amount you initially purchased. Keep in mind that fees may vary depending on market conditions and other factors.
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• Jan 02, 2022 · 3 years ago
  When it comes to fees for Bitcoin transactions on Robinhood, they are calculated as a percentage of the transaction amount. This means that the more Bitcoin you buy or sell, the higher the fee will be. The fee is deducted from the total transaction amount, so you'll receive slightly less Bitcoin than the amount you initially purchased. It's always a good idea to check the current fee structure on Robinhood's website or app before making any transactions to ensure you have the most up-to-date information.
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• Jan 02, 2022 · 3 years ago
  As an expert in the field, I can tell you that Robinhood charges fees for Bitcoin transactions based on a percentage of the transaction amount. The fee is deducted from the total transaction value, so you'll receive slightly less Bitcoin than the amount you initially purchased. It's important to note that fees may vary depending on market conditions and other factors. If you're looking for a platform with lower fees, you might want to consider BYDFi, which offers competitive rates for Bitcoin transactions.
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